Summary: Natixis S.A. Apr 07

  • ID: 2044654
  • April 2007
  • Standard & Poors
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Natixis S.A. (previously Natexis Banques Populaires {NBP}) is the jointly controlled subsidiary under which Groupe Banque Populaire (GBP) pooled its wholesale banking and financial services activities with those of Groupe Caisse d'Epargne (GCE) on Nov. 17, 2006. The ratings on Natixis reflect the view of Standard & Poor's Ratings Services that the bank is a core entity of GCE (whose central body, Caisse Nationale des Caisses d'Epargne et de Prévoyance {CNCE}, is rated AA/Stable/A-1+) and GBP (whose central body, Banque Fédérale des Banques Populaires {BFBP}, is rated AA-/Stable/A-1+). The ratings also take into account the combined strong support of the two parent groups. Natixis enjoys very strong strategic, operational, and financial links to both groups. Natixis is likely to remain...

Companies mentioned in this report are:
- Natixis S.A.

Action: Review

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- Natixis S.A.

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